communities and banking

Low- and moderate-income issues in New England

Complete Issue pdf

Fall 2014

Claremont Looks to the Future
Claremont Looks to the Future
by Nancy Merrill
City of Claremont, New Hampshire

Online Lending: Friend or Foe of Community Bankers? Online Lending: Friend or Foe of Community Bankers?
by Richard D. Olson Jr.
Randolph Savings Bank
For Economic Growth, Invest in Women and GirlsFor Economic Growth, Invest in Women and Girls
by Tiffany Bluemle and Linda Tarr-Whelan
Vermont Works for Women
Immigrants as a Potential Source of Growth for New England’s Highly Skilled WorkforceSustainable Communities
by Bruce Seifer

Letter from the Editor

Claremont, New Hampshire, Looks to the Future
by Nancy Merrill, City of Claremont, New Hampshire
By focusing on public-private partnerships, an interdisciplinary approach to development, innovative financing, and fundamental zoning changes, a town can rebuild.

Mobile Financial Services: Expanding Financial Access and Inclusion
by Elisa Tavilla, Federal Reserve Bank of Boston
Given that many unbanked and underbanked consumers have mobile phones, the technology  already in their pockets may help them access safe, convenient, and affordable financial services.

Connections Adult Literacy Builds Bridges for New Americans
by Susan Bartlett, New Hampshire
Humanities Council
English-language learners in New Hampshire are finding their way in a new culture through the world of books.

Online Lending: Friend or Foe of Community Bankers?
by Richard D. Olson Jr., Randolph Savings Bank
As new online-lending platforms change the small-dollar lending land- scape, opportunities may exist for community banks.

The Holyoke Public Library’s Role in
Revitalizing a City

by Matthew A. Blumenfeld, Financial Development Agency Inc., Amherst
An initiative combining  traditional fund-raising and financing with innova tive sources of capital to expand the Holyoke Public Library may provide useful ideas for similar cities.

Harbor Place: Supportive Housing in Vermont
by Brenda Torpy, Champlain Housing Trust
Where there are good community relations, residents often embrace supportive housing for the homeless.

Mapping New England: Pressure on the Working- Age Population
by Ana Patricia Muñoz, Federal Reserve Bank of Boston
Comparing the working-age population  with the number of children and the population  65 years and over yields what is called a dependency ratio. We map the ratio for New England counties.

Is Small Business Lending Valuable to Banks?
by Joe Peek, Federal Reserve Bank of Boston
New evidence suggests that small business lending is a profitable market niche for small and possibly midsize publicly traded banking organiza- tions in the United States.

For Economic Growth, Invest in Women and Girls
by Tiffany Bluemle and Linda Tarr-Whelan,
Vermont Works for Women

Investing more thoughtfully in opportunities for women and removing barriers that hinder them is a potential key to economic growth.

Matching Financial Institution Community Development with Community Credit Needs by Lisa Shepard, Federal Reserve Bank of Boston
When financial institutions understand the communities  in which they operate, they do better at identifying and deploying resources toward community development opportunities and needs.

Sustainable Communities
by Bruce Seifer
With thoughtful attention to planning, social enterprise development, clean energy, the environment, food systems, and cultural well-being, a community can create a sustainable economy.

Leadership Academy for Grassroots Effectiveness
by Catherine MacKinnon, Mutual Housing, Association of Greater Hartford
Developing leadership skills changes lives and strengthens communities.